President Trump’s threat to impose tariffs on steel and aluminum has triggered a blizzard of articles for and […]
It never ceases to amaze me how people misunderstand the process of financing the federal government. The ridiculous […]
Many people have the impression that business owners unilaterally determine wages and prices. They believe that consumers have […]
Last week I discussed value as it relates to the recent volatility in the stock market. Some commentators […]
People value securities based on the subjective preferences in the same way that value any economic good.
A brief interruption in The Free Market Center Journal has turned into an extended delay. I still intend […]
Exchanges provide us with the objective information we need to make affirmative statements about market activity and what drives it.
See how, for you, every determination of value results from your own subjective judgment…
A dollar cannot represent the value for an item of less value than a dollar
Probably the most popular concept of value incorporates the cost of production. The idea here is that any […]